ABAX PROPERTIES LTD

💤Zombieactive
NI642291 · ltd · incorporated 2016-11-22
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
Upgrade to see
Turnover
year to Mar 2025
Net worth
£1.6k
book net assets
Opportunity
72/100
Strong
🔔
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What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 72/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: medium (79/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
3 officers (1 active, 3 linked, 2 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
21 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
65
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £1,591
Net assets shrinking
Down £2,742 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£2k
↓ 63% YoY
Current Assets
£2k
↑ 2174% YoY
Current Liabilities
£0£867£2k£3k£3k£4kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£1.6k£4.3k
Current assets£2.3k£100
Net assets£1.6k£4.3k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (18 events)Click to expand
  1. 2025-09-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-12-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-12-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-06-26
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  5. 2023-06-26
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2023-04-17
    BAXTER, Pamela resigned
    secretary
  7. 2023-04-17
    BAXTER, Pamela resigned
    director
  8. 2023-03-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2021-08-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2020-10-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2019-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2018-08-02
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  13. 2018-08-02
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  14. 2016-11-22
    🏢
    Company incorporated
    As ABAX PROPERTIES LTD
  15. 2016-11-22
    BAXTER, Ashley appointed
    director
  16. 2016-11-22
    BAXTER, Pamela appointed
    secretary
  17. 2016-11-22
    BAXTER, Pamela appointed
    director
  18. 2016-11-22
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

45/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Abax Holdings Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Abax Holdings Ltd
Corporate parent · holds 75-100% shares
ultimate parent
ABAX PROPERTIES LTD
This company · NI642291

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Abax Holdings Ltd
Corporate entity
75100%
75–100%75-100% shares · 75-100% voting22/11/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

7 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

Available from the Pro tier upwards.

See pricing →
🔒Advanced scoring suite

Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.

Available from the Pro tier upwards.

See pricing →

Company details

Statusactive
Typeltd
Incorporated2016-11-22
Jurisdictionnorthern-ireland
Primary SIC68100 — Buying and selling of own real estate

Registered office

45 Strahulter Road
Newtownstewart
Co. Tyrone
BT78 4ED
United Kingdom

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-12-05
Last: 2025-11-21

Officers (1 active · 2 resigned)

BAXTER, Ashley
director · ~42y · appointed 2016-11-22
View their other companies + combined net worth →
Active
BAXTER, Pamela
secretary · appointed 2016-11-22 · resigned 2023-04-17
Resigned
BAXTER, Pamela
director · ~45y · appointed 2016-11-22 · resigned 2023-04-17
Resigned

Click a director name to see their full track record across all companies.

Recent filings (21 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-12
accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-18
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-08
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-22
termination-secretary-company-with-name-termination-date
officers · TM02
2023-06-26
termination-director-company-with-name-termination-date
officers · TM01
2023-06-26
accounts-with-accounts-type-micro-entity
accounts · AA
2023-03-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-18
accounts-with-accounts-type-micro-entity
accounts · AA
2021-08-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-12-12
accounts-with-accounts-type-micro-entity
accounts · AA
2020-10-05
accounts-with-accounts-type-micro-entity
accounts · AA
2019-12-31